Euro Inflation Calculator

Euro Inflation Rate, €100 in 2016 to 2017

According to the European Central Bank consumer price index, prices in 2017 are
1.54% higher than
average prices throughout 2016.
The euro experienced an average inflation rate of 1.54% per year during this period.

In other words, €100 in 2016 is equivalent in purchasing power to €101.54 in 2017.

The 2016 inflation rate was 0.24%. The inflation rate in 2017 was 1.54%.
The 2017 inflation rate is higher compared to the average inflation rate of 1.22% per year between 2017 and 2019.

How to Calculate Inflation Rate for €100, 2016 to 2017

Then plug in historical CPI values. The Euro CPI was 100.2416667 in the year 2016 and 101.7816667 in 2017:

101.7816667100.2416667

×

€100

=

€101.54

€100 in 2016 has the same "purchasing power" or "buying power" as €101.54 in 2017.

To get the total inflation rate for the 1 years between 2016 and 2017, we use the following formula:

CPI in 2017 - CPI in 2016CPI in 2016

×

100

=

Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

101.7816667 - 100.2416667100.2416667

×

100

=

2%

News headlines from 2016

Politics and news often influence economic performance. Here's what was happening at the time:

The United Kingdom votes to leave the European Union in a referendum, prompting Prime Minister David Cameron to resign.

Donald Trump becomes the 45th President of the United States.

The World Health Organisation confirms the outbreak of the Zika virus.

Andrei Karlov, the Russian ambassador to Turkey, is assassinated.

Data Source & Citation

Raw data for these calculations comes from
the European Commission and the European Central Bank's Harmonized Index of Consumer prices (HICP), which is computed based on the reported consumer price indices in member countries of the European Union.

You may use the following MLA citation for this page:
“2016 euros in 2017 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Mar. 2019, https://www.officialdata.org/2016-euro-in-2017.